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Australian Banks
$50 Million Penalties Loom for Companies Allowing Scams Under Proposed Australian Law
A proposed new code aims to stop Australians losing almost $3 billion to scammers as they did last year.
September 13, 2024
BY
Rex Widerstrom
Most Populous Australian States Struggling Compared to Smaller Regions: CEO
NAB's CEO says WA, QLD, and NT see strong growth, but an economic divide persists.
August 30, 2024
BY
Naziya Alvi Rahman
Australian Lenders Failing to Assist Struggling Customers: ASIC
Despite being required by law to have processes to assist customer who are in debt, banks have made ...
May 19, 2024
BY
Rex Widerstrom
Banks Not Paying Customers Enough Interest: ACCC
The ACCC has found that in the first six months of 2023, on average 71 percent of eligible ...
December 17, 2023
BY
Rex Widerstrom
Savers Miss out as Australian Banks Exploit ‘Consumer Inertia’
Switching bank accounts and updating payment details is an inconvenience the consumer watchdog wants streamlined to stoke competition ...
December 15, 2023
BY
AAP
Banks Declare War on Scams With Warnings for New Payees
Australian banks will warn customers to exercise caution before transferring money to someone new in an industry-wide crackdown ...
November 24, 2023
BY
AAP
Major Bank Backs National Digital ID ‘For All Australians’
National Australia Bank believes industry and community-led digital ID will complement and extend the reach of government digital ...
November 13, 2023
BY
Monica O’Shea
Inquiry into Regional Bank Closure Reveals Shocking Shortfalls in Decision Making
A senate inquiry into bank closures in regional Australia has revealed shortfalls in banks’ decision-making leading to the ...
May 24, 2023
BY
Sophia Jiang
Australian Banks Launch New Platform to Help Halt Fraudulent Payments
Australian banks launched a new digital platform on May 16 to help stop customers from losing money to ...
May 17, 2023
BY
Sophia Jiang
Major Australian Bank Starts Cutting Cash Services At Branches
One major Australian bank has begun phasing out cash transactions at a number of its branches saying it ...
April 7, 2023
BY
Lis Wang
‘Fast Path to Extreme Financial Hardship’: Consumer Groups Call for Buy Now, Pay Later Regulation
A group of international consumer groups across 10 countries, including Australia, New Zealand, and the United States, are ...
March 16, 2022
BY
Rebecca Zhu
More Help Arrives For Flood-stricken Areas in Australia
Insurance assessors, communication technicians and banking staff have arrived in flood-impacted areas of Queensland and New South Wales ...
March 14, 2022
BY
Alfred Bui
Australian Banking Taskforce to Assess Impact of Bank Branch Closures in Regional Areas
A government taskforce involving the big four banks, peak bodies, and Australia Post will examine the impact of ...
October 22, 2021
BY
Rebecca Zhu
World’s Biggest Coal Export Port Loses Funding Over Climate Change
ANZ will no longer fund the world’s biggest coal export port at Newcastle on the back of the ...
February 9, 2021
BY
Rebecca Zhu
Australian Government Flags Eased Rules for Borrowers
Relaxed rules around property loans are expected to help thousands of Australians get into their first home sooner. ...
September 25, 2020
BY
AAP
Westpac to Pay Australia’s Largest Fine for Breaching Laws That Stop Terrorism, Child Exploitation
Westpac has agreed to pay $1.3 billion, the largest fine in Australian corporate history, to settle a case ...
September 23, 2020
BY
Daniel Y. Teng
Australian Banks Will Feel Virus Heat Next Year: ANZ Chief
ANZ's chief expects banks to feel the worst of the COVID-19 pandemic in the middle of next year. ...
September 3, 2020
BY
AAP
Australian Banks to Extend Home Loan Deferral to Customers in Need
The Australian Banking Association (ABA) announced on July 8 a second wave of financial support to help customers cope ...
July 9, 2020
BY
Sophia Jiang
Australian Banks Promise to Help Customers: Treasurer
Australia's major banks have assured the Morrison government they will continue supporting customers affected by the COVID-19 pandemic. ...
June 27, 2020
BY
AAP
Australian Banks Urged to Continue Supporting Households and Businesses as Relief Measures Are Reviewed
Australia’s top financial regulators have urged banks to tap into their capital buffers to continue supporting households and ...
June 25, 2020
BY
Sophia Jiang
TOP NEWS
FDA Investigates New Cyclospora Outbreak as Cases on Rise Across Midwest
1hr
By
Kimberly Hayek
Trump Denounces Communism, Touts Trump Accounts for Children in Georgia Speech
2hr
By
Travis Gillmore
124 Swiss Lawmakers Condemn Beijing’s Transnational Repression of Falun Gong
3hr
By
Arthur Zhang
Live From Capitol Hill: ‘Unbroken’ Panel Discussion on Artistic Freedom
3hr
By
Epoch Video
The New Cholesterol Pill Isn’t for Everyone. Here’s How to Tell.
3hr
By
Sheramy Tsai
Senate Panel Advances Bill to Make Hospitals Compete on Price
4hr
By
Lawrence Wilson
House Adopts Budget Blueprint for $95 Billion Reconciliation Package
5hr
By
Jackson Richman
House Passes Congressional Stock Trading Ban
5hr
By
Jackson Richman
and
Nathan Worcester
US Signs Nuclear Cooperation Deal With Saudi Arabia
5hr
By
Emel Akan
Allergy Medication Recalled Over Possible ‘Life-Threatening’ Risks
6hr
By
Jack Phillips